I’ve also observed the rise of populism leading to increasingly negative views – among people of all ages – of the “establishment”, commerce and business. In turn, this has led to a growing suspicion of global trade, which we now see expressed throughout the developed world.
To be sure, the immediate challenges of poverty and inequality seem so significant that it is easy to be cynical about how far we’ve advanced as a global society. But we must consider the benefits that free trade and globalization have brought, and the role that businesses have played along the way. It is important for all of us to stand behind what is fundamentally true – business and commerce improve lives.
Global Poverty by percentage
Source: The World Bank.